The Suez Canal Corridor Area Project (Arabic: مشروع تطوير محور قناة السويس) is a megaproject in Egypt that was launched on 5 August 2014 by President Abdel Fattah el-Sisi and completed in 2015. The project aimed to increase the role of the Suez Canal region in international trade and to develop the canal cities of Suez, Ismailia, and Port Said.
The project involved building a new city (Ismailia), an industrial zone, fish farms, encouraging the development of a tech industry, building seven new tunnels between Sinai and Ismailia and Port Said, improving five existing ports, creating new centers for logistics and ship services, and digging a new canal parallel to the Suez Canal. The new canal was constructed to increase capacity by allowing ships to sail in both directions at the same time.
Egyptian President Abdel Fattah el-Sisi announced that the New Suez Canal project would operate within a year (instead of the original plan of three years).